DaveF1006
Expert Alumni

Get your taxes done using TurboTax

You can report it this year on a 1099R form You won't be taxed on this except for any earnings may have occurred.  This is how to report. 

 

  1. Login to your TurboTax Account 
  2. Click on the "Search" on the top right and type “1099-R” 
  3. Click on “Jump to 1099-R”
  4. Answer "Yes" to "Did you get a 1099-R in 2024?"
  5. Select "I'll type it in myself"
  6. Box 1 enter total distribution (contribution plus earning)
  7. Box 2a enter the earnings
  8. Box 7 enter J and P
  9. Click "Continue"
  10. On "Is the IRA/SEP/SIMPLE box on this 1099-R checked?" screen answer "No, the box is blank"?
  11. On the "Which year on Form 1099-R" screen say that this is a 2025 Form 1099-R.
  12. Click "Continue" after all 1099-R are entered and you answered all the questions. 

 

 

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